APSC Prelim 2018 GS Paper – Analysis of Economy Section Questions

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APSC Prelim 2018 GS Paper – Analysis of Economy Section Questions

 

Economy is an important sections in any General Studies papers, including APSC Prelims GS Paper. but the number of Qs are gradually decreasing. Analyzing the previous years Qs from these section can be very helpful to understand Focus Areas to study more extensively.

 

Q1. Which of the following is the major contributor to the national income of India within the primary sector?

  1. Agriculture
  2. Fishery
  3. Forestry
  4. Mining

Focus Area: Economic Sectors

 

Q4. In terms of nominal GDP, India economy is the world’s

  1. 2nd largest economy
  2. 4th largest economy
  3. 5th largest economy
  4. 6th largest economy

Focus Area: GDP – Ranking

Q5. The second Five-Year Plan of India advocated substantial investment in

  1. Small industries
  2. Cottage industries
  3. Heavy industries
  4. Sick industries

Focus Area: Five year plan

 

Q6. The aggregate growth model followed by First Five-Year plan in India was the growth model developed by

  1. Harrod-Domar
  2. R Solow
  3. J Robinson
  4. None of them

Focus Area: Five year plan

 

Q7. Which of the following was never an objective of the Five-Year Plans in India?

  1. To attain growth
  2. To bring justice with equality
  3. To modernise the agricultural sector
  4. To reduce immigration

Focus Area: Five year plan

 

Q8. Match List-I with List-II and select the correct answer using the codes given below the Lists:

List-I                                               List-II

    1. Urjit Patel                 1. Chairman, SBI

    2. Viral Acharya            2. Governor, RBI

    3. Bibek Debroy          3. Member, Monetary Policy Committee, India

    4. Rajnish Kumar          4. Chairman, Economic Advisory Council

  1. a 2 b 3 c 4 d 1
  2. a 2 b 3 c 1 d 4
  3. a 2 b 4 c 3 d 1
  4. a 4 b 2 c 1 d 3

Focus Area: Economic body – personality

 

Q9. Pick the odd one out

  1. SEBI
  2. IRDA
  3. PFRDA
  4. MUDRA

Focus Area: Regulators

 

Q10. Match List-I with List-II and select the correct answer using the codes given below the Lists:

List-I List-II

a. PMMY 1. Self-employment scheme

b. PMRY 2. Scheme for funding non-corporate, non-farm sector

c. PMGSY 3. Credit-link subsidy scheme for housing

d. PMAY 4. Scheme for all-weather road connectivity for rural India

  1. a 1 b 3 c 4 d 2
  2. a 2 b 1 c 4 d 3
  3. a 2 b 1 c 3 d 4
  4. a 3 b 4 c 1 d 2

Focus Area: Yojana

 

Q11. Which of the following is responsible for the preparation of National Accounts that includes GDP in India?

  1. National Accounts Division of Central Statistical Office
  2. NITI Aayog
  3. Ministry of Finance
  4. RBI

Focus Area: Economic body – personality

 

Q12. Choose the correct statement

  1. The last Chairperson of the Planning Commission of India was Dr. Monomohan Singh
  2. At present, Arvind Subramanian is the chied economic adviser to the Govt of India
  3. Amitabh Kant is the current CEO of NITI aayog
  4. V K Sinha is the present Chairman of SEBI

Focus Area: Economic body – personality

 

Q13. Match List-I with List-II and select the correct answer using the codes given below the Lists:

List-I                                         List-II

a. Saubhagya Yojana           1. Free LPG connection to the poor

b. Ujjwala Yojana                   2. Universal household electrification

c. Bharatmala Pariyojana   3. Ude Desh Ka Aam Naagrik

d. UDAN                                  4. Umbrella Programme for Highways

  1. a 4 b 3 c 1 d 2
  2. a 2 b 1 c 4 d 3
  3. a 2 b 4 c 1 d 3
  4. a 2 b 1 c 3 d 4

Focus Area: Yojana

 

Q15. In India, “any tax on supply of goods or services or both except taxes on supply of the alcoholic liquor for human consumption” is called

  1. An indirect tax
  2. Goods and services tax
  3. Non-excise duties
  4. General sales tax

Focus Area: Tax

 

Q16. Who used to give the final approval to the Five-Year Plans in India?

  1. The Planning Commission
  2. The President of India
  3. The Prime minister of India
  4. National Development Council

Focus Area: Five year plan

 

Q17. Choose the correct duration of the 12th Five-Year Plan.

  1. 2010-2015
  2. 2011-2016
  3. 2012-2017
  4. 2013-2018

Focus Area: Five year plan

 

Q18.Who was the Deputy Chairperson of the First Five-Year Plan”

  1. Gulzarilal Nanda
  2. V T Krishnamachari
  3. CD Deshmukh
  4. NR Pillai

Focus Area: Five year plan

 

Q19. NITI Aayog has prepared the First Three-Year Action Agenda for the period of

  1. 2015-16 to 2018-19
  2. 2016-17 to 2019-20
  3. 2017-18 to 2019-20
  4. 2017-18 to 2020-21

Focus Area: Economic Policy

 

Q20. Which of the following is not a component of Sustainable Development Goals (SDG) being coordinated by the NITI Aayog?

  1. No poverty
  2. Zero Hunger
  3. Life Below Water
  4. Nuclear Non-Proliferation

Focus Area: Economic Policy

 

Q21. During which Five-Year Plan, the Green Revolution was introduced in India?

  1. Second Five-Year Plan
  2. Third Five-Year Plan
  3. Fourth Five-Year Plan
  4. Fifth Five-Year Plan

Focus Area: Five year plan

Q100. Identify the power project which is managed by NEEPCO?

  1. Bongaigaon TPC
  2. Lawka Gas nautical miles
  3. Namrup nautical miles
  4. Kathalguri nautical miles

Focus Areas : Economy of Assam/NE – industries